South Laurel, Maryland Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the South Laurel, Maryland rental market.
South Laurel, Maryland
Average Apartment Rent
$1,697
Y-o-Y Change in Average
Apartment Rent
-1.5%
As of March 2026
Compared to a year ago, South Laurel, Maryland apartments have recorded a -1.5% rent decrease.
South Laurel, Maryland Average apartment rent trend
South Laurel, Maryland Average Apartment Rent
South Laurel, Maryland Apartment rent ranges
At 69.78%, apartments priced $1,500 - $2,000 represent the bulk of South Laurel, Maryland rentals, while condos priced Over $3,000 hold the lowest share of the market – 0.14%.
South Laurel, Maryland Housing tenure**
Renters take up 60% of South Laurel, Maryland real estate, occupying a total of 6,480 units, while homeowners live in 4,343 properties.
Median number of rooms of renter-occupied housing units**
3.9
Renter median household income**
$59,977
Average household size of renter-occupied housing units**
2.42
Rental vacancy rate**
4.1%
South Laurel, Maryland Renter-occupied housing units by no. of bedrooms**
There are 2,493 rentals in South Laurel, Maryland with 2 beds making up the highest share of the market, at 38%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 105 units. Overall, the median number of rooms in South Laurel, Maryland homes for rent is 3.9.
South Laurel, Maryland Renter-occupied units by age of householder**
Most condos for rent in South Laurel, Maryland are occupied by residents in the 25 - 34 years age group (33%), followed by those in the 35 - 44 years age group (22%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 4%.
South Laurel, Maryland Renter-occupied housing units by family type**
South Laurel, Maryland Renter-occupied housing units by the presence of own children**
A total of 3,326 apartments for rent in South Laurel, Maryland, or 51% of all rentals are family households. Additionally, 32% of rental homes include children under the age of 18 – that’s 2,066 units. All in all, the median size of a renter-occupied household in South Laurel, Maryland is 2.42.
South Laurel, Maryland Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 34% of the rental market. In contrast, residents with less than a high school degree reside in 8% of the homes for rent in South Laurel, Maryland.
South Laurel, Maryland Renter-occupied units by year structure built**
The highest share of South Laurel, Maryland apartment rentals, namely 33% or 2,144 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (19%, 1,247 units), and the ones Built 1960 - 1969 (17%, 1,088 units).
South Laurel, Maryland Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most South Laurel, Maryland renters (41%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their South Laurel, Maryland condos for rent is 2018.
South Laurel, Maryland Renter-occupied housing units by vehicles available**
When it comes to transportation options, 50% of South Laurel, Maryland renters have 1 vehicle available per household, 30% of them have 2 vehicles available, and 15% have No vehicle available.
South Laurel, Maryland Means of transportation to work of householders living in renter-occupied housing units**
South Laurel, Maryland Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all South Laurel, Maryland apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
